PBF vs QQQ: Correlation
PBF Energy Inc. (PBF) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBF and QQQ?
Across a 3-year window, the weekly returns of PBF and QQQ correlate at 0.05, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus 0.05 over 3 years. Stretching to 5 years gives -0.01, with an annualized covariance of 56.0 %².
QQQ is close to the least connected end of PBF's tracked universe, ranking #9 of 12. The last year tells two different stories: PBF led by 140.7 percentage points, +167.0% for PBF against +26.3% for QQQ. One caveat on sizing: PBF is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PBF vs QQQ: side by side
| PBF (PBF Energy Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +167.0% | +26.3% |
| 5-year return | +642.1% | +95.4% |
| Volatility (ann.) | 58.6% | 19.6% |
| Beta vs S&P 500 | 0.47 | 1.28 |
| Max drawdown (3Y) | -76.0% | -22.8% |
| Market cap | $8.1B | – |
| P/E (trailing) | 6.1 | – |
| Dividend yield | 1.58% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | PBF | QQQ |
|---|---|---|
| 2022 | +215.8% | -32.6% |
| 2023 | +10.0% | +54.9% |
| 2024 | -38.0% | +25.6% |
| 2025 | +6.8% | +20.8% |
| 2026 | +157.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBF and QQQ good diversifiers for each other?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PBF and QQQ?
The PBF/QQQ correlation stands at 0.05 on a 3-year window (1 year: -0.32, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PBF?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.05 mean?
On the −1 to +1 scale, 0.05 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pbf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pbf-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PBF correlations · QQQ correlations
